Nomura Asset Management Co. Ltd. Has $34.46 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Nomura Asset Management Co. Ltd. reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 429,129 shares of the industrial products company’s stock after selling 28,699 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Stanley Black & Decker were worth $34,455,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in shares of Stanley Black & Decker by 29.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 8,424 shares of the industrial products company’s stock valued at $927,000 after acquiring an additional 1,933 shares during the period. Pathstone Holdings LLC raised its holdings in shares of Stanley Black & Decker by 4.6% during the third quarter. Pathstone Holdings LLC now owns 12,821 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 560 shares during the period. Cerity Partners LLC boosted its position in shares of Stanley Black & Decker by 106.3% during the 3rd quarter. Cerity Partners LLC now owns 34,463 shares of the industrial products company’s stock worth $3,795,000 after purchasing an additional 17,756 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Stanley Black & Decker by 64.3% in the 3rd quarter. Bank of Montreal Can now owns 298,266 shares of the industrial products company’s stock valued at $32,726,000 after buying an additional 116,754 shares during the period. Finally, Dai ichi Life Insurance Company Ltd bought a new stake in Stanley Black & Decker in the 3rd quarter valued at about $617,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $76.46 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $11.82 billion, a PE ratio of 39.41, a PEG ratio of 1.33 and a beta of 1.25. The stock’s 50 day moving average price is $85.03 and its 200-day moving average price is $90.20. Stanley Black & Decker, Inc. has a twelve month low of $76.25 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 169.07%.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of research reports. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Thursday, December 19th. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Barclays dropped their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price for the company. Finally, Citigroup dropped their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.